Spending on luxuries in retirement

Posted on May 7, 2014 by - News, Retirement

The reality of living on a pension is taking new retirees by surprise

The reality of living on a pension is taking new retirees by surprise, with many under-budgeting their first five years of retirement and overspending by an average of £6,500, according to LV=. This is leading to a surge in older retirees taking out new credit or extending previous credit commitments. (more…)

Measuring our appetite for risk

Posted on May 7, 2014 by - Investment, News

More than twice as many men choose the highest possible risk option to boost their savings compared to women

Findings recently published in the Zurich Wealth Risk Report show that more than twice as many men choose the highest possible risk option to boost their savings compared to women (13% vs 6%)[1]. (more…)

First-time parents

Posted on May 7, 2014 by - News, Retirement

Preparing for the arrival of your first baby

First-time UK parents spend more than £492 million[1] each year preparing for the arrival of their first baby, according to research from Aviva. This equates to £1,619 per family and shows a 17% increase to the £1,389 total in March 2012[1]. (more…)

‘Save smart’

Posted on May 7, 2014 by - News, Protection, Retirement

Focused on managing costs

We’re becoming increasingly good when it comes to cost cutting, according to the latest findings of an annual online survey from long-term savings and investment specialist Standard Life by YouGov PLC. (more…)

Generating a retirement income

Posted on May 7, 2014 by - News, Retirement

Taking on the risk of managing your own pension

New research[1] from MGM Advantage shows the risk people are willing to take managing their own pension savings. 28% of the over-55s said they were not comfortable taking on the risk of managing their own pensions to provide a suitable income throughout retirement. (more…)